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Updated over 4 years ago on . Most recent reply
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Good BRRRR markets for under $80k
I have an $82k HELOC and wanting to start out of state BRRRR. What are some good markets for this? I was thinking Ohio, Texas, or Florida, but I've been warned that Florida might be too expensive right now. Thanks in advance!!!
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There are several markets in the midwest where you could do this. The bigger question is, where do you have the connections to complete and manage this of investment?
I just completed a BRRRR on Friday in Omaha where we bought a SFR for $68K, put $5K into it by adding a couple closets, painting and replacing a stove. It rented for $995, it appraised for $100K, and we did an 85% LTV cash out refi.